Tag "EU"
Hungary has been a member of the European Union for two decades: what does this mean for the economy?
This year Hungary joined the European Union twenty years ago. On the occasion of the anniversary, from mid-September, the European Commission will “Happy Twentieth, Hungary!” launched a communication campaign with...
Read more
Eurostat: 132 kilograms of food was wasted per inhabitant in the EU in 2022
On average, around 132 kilograms of food waste was generated per inhabitant in the European Union in 2022, five kilograms more than what was recorded in the first report on...
Read more
The EU’s artificial intelligence regulation is evolving
More than a hundred companies have joined the European Union’s Artificial Intelligence Pact, which came into effect on August 1st, and aims to promote reliable and safe AI development. The...
Read more
The EU is turning to the WTO over China’s anti-subsidy investigation into dairy products
The European Commission has submitted an official consultation request to the World Trade Organization (WTO) after China launched an anti-subsidy investigation into some dairy products from the EU – the...
Read more
Nestlé, Mars Wrigley and Ferrero support the EU deforestation regulation
From 30 December the EU’s deforestation regulation requires companies selling cocoa, coffee, palm oil and other products in the EU to prove that their supply chains aren’t contributing to deforestation....
Read more
Slow growth in Europe, stagnation in Hungary: mixed picture in retail trade
The European retail turnover increased barely perceptibly compared to June, while stagnation is observed in Hungary, according to the latest Eurostat report. European Union data showed an increase of only...
Read more
The EU would reform the common agricultural policy
The EU presented an agricultural expert report on Wednesday, which aims to reform the EU’s common agricultural policy (CAP) in order to better align EU subsidies with the socio-economic needs...
Read more
Moldova’s fruit exports are getting stronger: in competition with Hungarian producers?
Moldova’s fruit production, especially the export of apricots, plays an increasingly important role in the markets of the European Union. The country’s natural features favor agricultural production, and an association...
Read more
Economic sentiment improved in the EU and the Eurozone in August
In August, the economic sentiment index in the Eurozone and the European Union improved compared to the previous month, according to a survey presented on Thursday by the European Commission’s...
Read more
NAK-FruitVeB: the harvest started earlier in the domestic apple orchards
The harvest can start earlier than ever on domestic apple orchards. In the county of Szabolcs-Szatmár-Bereg, which is Hungary’s largest growing region, some processing plants have already started to purchase...
Read more
The growth of economic activity in the Eurozone accelerated in August
Instead of the expected moderate slowdown, the growth of economic activity in the Eurozone accelerated overall in August, according to the preliminary values of the joint survey of the London-based...
Read more
The share of EU retail spending continues to fall: report from GfK
According to the latest study by GfK, the proportion of retail spending in the European Union has decreased for two consecutive years, despite the fact that purchasing power and retail...
Read more
In the second quarter, GDP grew by 0.3 percent in the euro area and in the EU on a quarterly basis
In the second quarter of this year, with a seasonal adjustment, the gross domestic product (GDP) increased by 0.3 percent compared to the first quarter in both the euro area...
Read more
Retail sales in the euro area decreased in June
In both monthly and annual comparisons, retail sales in the euro area decreased in June. According to data published on Tuesday by Eurostat, the statistical office of the European Union,...
Read more
Olive oil fraud ‘at record high in EU’
There were reportedly 50 potential cases in the first three months of this year, compared to just 15 in the first quarter of 2018. The Guardian newspaper, citing data released...
Read more
Márton Nagy: a “peace budget” is needed to restart the economy
Economic growth in the second quarter was lower than preliminary expectations, which can be attributed to external factors. The fundamentals of the Hungarian economy are stable and strong, the rebound...
Read more
The economic mood in the EU and the euro area barely changed in July
The economic sentiment index in the euro area and the European Union barely changed in July compared to the previous month, according to a survey of the European Commission’s Directorate...
Read more
This may be the reason for the (temporarily?) low domestic consumption
The standard of living and consumption of Hungarian households has been among the lowest in the European Union for years. While Hungarian consumption showed a significant increase in the 1990s,...
Read more
Are synthetic meat and artificial eggs coming?
On Wednesday, the European Commission announced the registration of two new European citizens’ initiatives. One initiative calls for the closure of animal farms and the production of synthetic meat, while...
Read more
This is how Hungarian average earnings and purchasing power compare to Europeans
There are significant differences in average annual net earnings between European countries, even after adjustments are taken into account. Based on the latest data from Eurostat, Switzerland, Iceland and Luxembourg...
Read more
Eurozone inflation slowed in June
Annual inflation slowed down in the euro area in June, according to the final data published by Eurostat, the statistical office of the European Union, on Wednesday. In June, annual...
Read more
The European Union’s regulation on artificial intelligence has been announced
Today, the EU Regulation on Artificial Intelligence (“AI Regulation”) was announced, the world’s first truly comprehensive, sector-neutral piece of legislation related to artificial intelligence (“AI”). The new legislation covers all...
Read more
Synthetic compounds in our food? The Association of Conscious Buyers is the domestic partner of an important EU project
ToxFree Life for All is the EU’s newly launched awareness raising campaign. Its aim is for consumers to reduce the risks of chemicals to their health and the environment. The...
Read more
A complaint was filed against Chinese honey in the EU
With the professional support of the Ministry of Agriculture (AM), the National Hungarian Bee Association (OMME) filed an anti-dumping complaint against honey coming from China to the European Union. 14...
Read more
Retail sales increased in the euro area and the European Union in May
Retail sales in the euro area and the European Union increased in both monthly and annual comparisons in May. According to data published on Friday by Eurostat, the statistical office...
Read more
Is the era of cheap Chinese stuff over? The EU is introducing tariffs
The European Commission plans to introduce new measures on cheap goods sold by Chinese online retailers such as Temu, AliExpress and Shein. This is intended to deal with the increase...
Read more
Croatia has the cleanest natural bathing waters in Europe
According to this year’s investigation by the European Commission (EC) and the European Environmental Protection Agency (EEA), Croatia has the cleanest natural bathing waters in Europe – the Croatian Tourist...
Read more
EU Presidency – AM: BIOEAST member countries draw attention to the importance of research and innovation related to the sustainable use of natural resources in a joint statement
The consecutive Hungarian EU presidency, in cooperation with the BIOEAST initiative, organized a high-level political forum in Brussels to promote research and innovation in Central and Eastern Europe, the Ministry...
Read more
The EU authorizes the use of genetically modified corn as food and feed
The European Commission has authorized the use of two varieties of genetically modified corn as food and feed, the Brussels body announced on Tuesday. The commission’s authorization decision allows these...
Read more
The economic mood deteriorated in the EU and the euro area in June, and Hungary improved
The economic sentiment index deteriorated in the euro area and the European Union in June, while it improved in Hungary, according to a survey presented on Thursday by the European...
Read more